ECB promise of easing keeps EUR subdued – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Sverre Holbek believes there is still further downside for the EUR/USD.

Key Quotes

“Not much to focus on for the global FX markets except the continuous flow of ECB speeches that will all be scrutinised ahead of the all important June ECB meeting”.

“We continue to see downside for EUR/USD but note that this is also the consensus view in the market, although investor positioning indicates that there is still room for short EUR positions”.